Tradorax Binary Options Broker Review
Tradorax is one of the newer generations of binary options broker that was founded in 2014 that is accepting US traders! Hence, trading with Tradorax may be a great alternative for United States binary options traders that is looking for a simple trading platform. This broker is owned and operated by AM Capital Ltd which is physically located at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Island MH96960. The reason for Tradorax rise in popularity is due to their easy to use trading platform which is based on TechFinancials and large pool of trading assets available. Although Tradorax is currently not regulated by any regulatory agency, they are currently holding a strong positive reputation among traders because of their responsive customer service.
Tradorax’s Trading Platform (TechFinancials)
The trading platform is probably one of the most important factor that a trader would consider when seeking for good broker. Tradorax’s trading platform, the TechFinancials, is known for it’s easy to use access to ALL assets on a single screen. Which is the reason why traders choose to trade with Tradorax knowing that they can switch between the wanted assets quickly. It is also good to know that the trading platform is entirely web based hence there will be no download required. Their website is also SSL protected which would give traders’ a great sense of security while knowing that their trades sessions and private information are encrypted. Besides that, Tradorax has their own mobile application which gives traders easy access to trade while they are on the go as well!
Tradorax’s Deposit and Withdrawals
Similar to many reputable binary options brokers, this broker’s banking processes are done mostly via major credit and debit cards, bank wire transfers, and well-established global payment systems. Systems like Neteller, Cash U, Skrill, WebMoney and Qiwi are accepted method of payment as well. The minimum deposit amount is the standard $250 across USD, EUR or GBP. However, we learn that it is possible to have your own currency as well but there is a need to communicate that request with them. Tradorax currently has a positive reputation with quick transactions process time and completion time.
Helpful Customer Service!
The Customer Service team that works in brokerage firm speaks several languages which favors international clients coming from various location. The available contact method are Live chat, email as well as phone coverage on a global basis on a 24 x 6 basis. Currently there are German and Russian version of webpages available for that respective traders. Apart from that, Tradorax has a educational materials available such as the training videos and ebook to cater for beginner traders.
Other Attractive Features:
- As many as 120 asset choices available to trade (33 currencies pairs, 11 commodities type, 22 indices, and 57 stocks)
- Competitive Payout ranging from 70% to 85%
- No spread, No commission, No leverage
- Four different types of Accounts (Mini, Silver, Gold, VIP), each offering different bonuses, educational lessons, and other benefits such as trade alerts
Tradorax’s Review Conclusion
This broker is one of many newly established binary options brokers that joined in the industry. However, Tradorax is the one that is able to maintain great customer care while offering broad range of trade-able assets, great trading platform and competitive payoffs. The typical complaint that we can source about this brokerage firm is the typical “welcome bonuses”. It is normal across all binary options brokers to impose additional terms to your withdrawals by accepting bonuses or risk free trades! Hence, we advise that traders do some research about the terms and condition for welcome bonuses and risk free trades before accepting it (It can happen with other brokers as well). Besides that, Tradorax do respond well with their excellent customer services and quick response! It is no wonder that this broker gets to maintain a positive reputation in the industry!
REGISTER with TRADORAX!